Question
Delta Company provides consulting service. The company started it's operations on January 1, 2015. The following...
Delta Company provides consulting service. The company started it's operations on January 1, 2015.
The following data was collected for the years 2015 and 2016:
Year 2015:
Consulting Service Revenue $6980
Rent Expense $946
Salary Expense $2836
Purchase of a computer $2500
Dividends $0
Year 2016:
Consulting Service Revenue $7950
Rent Expense $768
Salary Expense $2411
Dividends $1408
Required: What is the amount of the company's Retained Earnings as of December 31, 2016?
Homework Answers
Answer #1
Retained Earnings as of December 31, 2016 = $6561
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